Julian Robertson Still Bullish On Apple Inc.

Tiger Management Founder Julian Robertson spoke with FOX Business Network’s (FBN) Maria Bartiromo about his thoughts on the global economy and Apple Inc. (NASDAQ:AAPL). Robertson said, “I would say that Europe is in serious trouble” and “China’s got some serious problems too.” Robertson also commented on Apple saying, “I’ve bought it within the last two or three weeks. And I really do think it’s extremely reasonably priced.” Robertson went on to say, “I’ve had been very hesitate after reading the [Steve] Jobs book because I felt his sort of attitude towards his partners and towards his employees was not conducive to really building a great company” however, “I think Tim Cook is the man for the job.”

Julian Robertson on whether he would buy new Apple stock today:

“I’ve bought it within the last two or three weeks. And I really do think it’s extremely reasonably priced…and Google Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) is probably the premier technology company of them all and I think has a great future.”

Julian Robertson on what red flags he is looking at in changing his mind on Apple:

“I think the proof is on the people who have been watching. I’ve had been very hesitate after reading the [Steve] Jobs book because I felt his sort of attitude towards his partners and towards his employees was not conducive to really building a great company, but the new leader seems to have it all and he was given a great company by Jobs, so I think Tim Cook is the man for the job and I think they’ve got a nice open wave for some time to come.”

Julian Robertson on the global economy:

“I would say that Europe is in serious trouble and not improving much. Japan has had a little bit of revival but at the cost of doing a lot of things that are questionable and I would say the U.S. is probably doing better than anybody. China’s got some serious problems too.”

Julian Robertson on Naspers:

“I’m crazy about a South African company called Naspers Limited (ADR) (OTCMKTS:NPSNY) (JSE:NPN). Naspers owns a Chinese company called Tencent…Tencent is probably as good as a company as our little Alibaba. It’s a great technology company. Well their holdings in Tencent Holdings Ltd (HKG:0700) (OTCMKTS:TCEHY) are about equivalent to the price of their stock.”